Virginia Administrative Code
Title 10 - FINANCE AND FINANCIAL INSTITUTIONS
Agency 5 - STATE CORPORATION COMMISSION
Chapter 40 - CREDIT UNIONS
Section 10VAC5-40-50 - Services for nonmembers within the field of membership
Universal Citation: 0 VA Admin Code 5-40-50
Current through Register Vol. 41, No. 3, September 23, 2024
A state-chartered credit union shall have the power to provide the following services to persons within its field of membership regardless of such persons' membership status:
1. Selling negotiable checks (including travelers checks), money orders, and other similar money transfer instruments (including international and domestic electronic fund transfers); and
2. Cashing checks and money orders and receiving international and domestic electronic fund transfers for a fee.
Statutory Authority
§§ 6.2-1303 and 12.1-13 of the Code of Virginia.
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